5 Energy Stocks to Buy Today According to Richard S. Pzena’s Hedge Fund

4. NRG Energy, Inc. (NYSE:NRG)

Pzena Investment Management’s Stake Value: $742 million

Percentage of Pzena Investment Management’s 13F Portfolio: 2.79%

Number of Hedge Fund Holders: 28

NRG Energy, Inc. (NYSE:NRG) is an American electricity supplier that is headquartered in Houston, Texas and generates electricity through a variety of sources. These sources include natural gas, coal. oil, solar, and nuclear plants.

NRG Energy, Inc. (NYSE:NRG) raked in $26.6 billion in revenue and $8.93 in GAAP EPS for its fiscal year 2021, missing analyst estimates for EPS. UBS reduced the company’s price target to $42 from $44 in January 2022, outlining that the company will only grow slowly and in the long term.

Pzena Investment Management owned 17 million NRG Energy, Inc. (NYSE:NRG) shares as the fourth quarter of last year came to an end. These were worth $742 million and represented 2.79% of its portfolio. A Q4 2021 survey of 924 hedge funds conducted by Insider Monkey revealed that 28 had owned the company’s shares.

NRG Energy, Inc. (NYSE:NRG) larges investor after Mr. Pzena’s investment firm is Andrew Wellington and Jeff Keswin’s Lyrical Asset Management. It owns 5.5 million shares that are worth $238 million.